You gave plenty of evidence to your lack of perspective by refusing to respond to my post #7.
You make a good point, but I don't believe the parallel is absolute. To begin with, I wouldn't tout the Versailles Treaty as the paragon of wisdom and virue. The Allies soon regretted their punitive overkill of the Germans at Versailles. At the insistence (and eventual regret) of the French, the economic terms of the armistice which was forced upon Germany were so punitive as to guarantee the collapse and ultimate radicalization of German society. Hitler rose from the ruins of Versailles, filling a vacuum as all dictators do.
The appeasement of Hitler was not so much the tolerance of his military buildup -- the Allies could have crushed his Wehrmacht at any time prior to his conquest of Poland. Rather, as you correctly point out, it occurred when the Allies tolerated his aggression against Czechoslavakia (and Austria). So, comparatively speaking, Saddam Hussein is engaging in a military buildup, but has not strayed beyond his own borders in the past 12 years.