economy of America during war time

I believe that people's life and the world is developing while the war happen. Because of the technology, people's life become more and more easier, and got lots of help. But as the life change, is the economic of our society become better than before or worst than before? The folloowing, i would compare the economic of America during World War II and Iraq War.

World War II
"By the end of the war, the economy had a more highly skilled labour force, as well as institutions that were more conducive to sustained economic growth..." The unemployment problem ended in the United States with the beginning of World War II, when stepped up wartime production created millions of new jobs. Therefore, most of the women could get the full employment during the WWII. During the war, agriculture became increasingly mechanized, manufacturing showed unprecedented growth, exports jumped, government spending increased substantially, unemployment virtually disappeared. The economy not only recovered from the Great Depression, which had preceded the war, but also gained the momentum that would lead to rapid postwar prosperity. When the men returned home from the war, women backed to their traditional position. Cause of this, it created lots of job opportunities for men. From World War II, we can see that not all of the wars are causing the bad influence on the economic. (source: http://www.canadianeconomy.gc.ca/English/economy/1939ww2.html)

Iraq War
Spending on Iraq is also a job killer. According to the New York Times, "Every $1 billion spent on a combination of education, healthcare, energy conservation and infrastructure investments creates between 50 and 100 percent more jobs than the same money going to Iraq..." Taking the 2007 Iraq budget might be able to upward of 1 millions of jobs but the Bush Administration chose the Iraq sinkhole over public investment. And most of the people think the situation of the economic is bad now because people become harder and harder to find the job. Also, the medicare budget is cutted by the the government; there are limited scholarship to help poor students to graduate from college; when the diseater happen, the government could not provide enough help for the people from the other countries...