After reading through the windows.xp.hardware group, I came across someone who suggeseted removing some registry keys.
I removed the one he said, and it did not work. I then went to
and deleted all references to the external hard drive after changing the permissions to allow me to do so.
I also went under HLKM\System\CurrentControlSet\Enum\USB and found the keys associated with the USB to IDE value.
After restarting, I plugged in the drive and it worked. I have been able to stop it, unplug the cable and plug it back and work.