Technically, he said that it's even worse:

Palestinian president Mahmud Abbas on Saturday denounced a deadly Israeli assault on the Gaza Strip that has killed at least 32 people as "more than a holocaust... It's very regrettable that what is happening is more than a holocaust. We tell the world to see with its own eyes and judge for itself what is happening and who is carrying out international terrorism," Abbas told reporters in Ramallah. He appeared to be referring to remarks made by Israel's Deputy Defence Minister Matan Vilnai, who used the Hebrew word "shoah" -- generally used only for the Nazi Holocaust -- in remarks to army radio on Friday.

Vilnai was using the word "shoah" in its more generic Hebrew meaning of "catastrophe". Foreign policy sophisticates who endlessly parse the statements of real genocidal maniacs and find that "wiping out Israel" doesn't really mean "wiping out Israel" - they're apparently unable to speak modern Hebrew. But hey - any chance to brand Jews as Nazis and get it carried by international media, right? And of course - very famously - the Jews of 1930s Germany were given dozens of chances to hammer out a ceasefire and they imperiously turned them all down. When given billions in aid and weapons from the international community they declined to protest peacefully and instead threatened to turn their weapons on German civilians. They spent years raining down thousands of missiles on German schools and hospitals. It was just. like. that.

Also, the murder of German Jews happened while they were soldiers in an organized army engaging the German army on the battlefield. Then the NYT splashed gigantic pictures of grieving Jewish mothers all over their newspapers and the Germans immediately came under intense international scrutiny. That happened too.

Waging war on the Hamas army that's been committing acts of war for months - just like the Holocaust. Obviously.

References:
* Abbas slams Israel's Gaza 'holocaust' [AFP]
* Ahmadinejad: Israel "Cannot Continue Its Life" [MR]
* Hamas Responds To Ceasefire Proposal By Lobbing Missiles On Sderot Schoolchildren [MR]
* Abbas: Good Chance We'll Use Our US Security Assistance To Go Back To Killing Israelis [MR]
* Massive And Peaceful Gaza Protest Neither Massive Nor Peaceful [MR]
* LA Times: Qassam That Critically Wounded 10 Year Old Boy Was Part Of Palestinian "Parallel Protests" [MR]
* Israeli-Arab Traitor Who Sat In Parliament Complains About Apartheid [MR]
* 46 Killed in Israeli Strikes on North Gaza [NYT]

Previously:
* Hamas Smuggles Katyushas Into Gaza, Fires Them At Israeli Schools And Hospitals (Plus: Eight Mortars Fired At Israeli Civilians, One Scores Direct Hit)
* Hamas Blocks Israeli Food Shipments, Intentionally Starves Gaza Civilians To Create A Humanitarian Disaster - Again!
* Palestinians Shut Down Generator To Create Gaza Humanitarian Crisis, UN Blames Israel