No, its not the same. Its not even similar.
Jordan launched an assault against Israel. Israel responded and took the West Bank. So Israel did not launch a war of aggression and take the West Bank. They just didn't give it back after the war was over. In truth, I don't think Jordan really wanted it back.
I do believe that the West Bank settlements were a mistake on Israel's part, but they are still not even close to what Saddam launching an unprovoked war of agression against Kuwait.