For example, take the shoe check. Richard Reid came pretty close to blowing up a plane, but for a flight delay (see http://en.wikipedia.org/wiki/Richard_Reid_(shoe_bomber) ). He kind of prominently proved out an approach, and since the goal of the TSA is pretty obviously not having a plane blow up, they instituted a visible countermeasure to that approach.
So: I don't agree that every measure instituted by the TSA is completely ineffectual, at least in theory.
That being said, you do raise a good point about the allocation of resources. I have to admit having much less sense of what is and isn't being done on the cargo side, if only because I only experience air travel as a passenger.
Do you know much more about cargo security? What measures would you institute?
http://www.schneier.com/blog/archives/2010/10/cargo_security...