I know the feeling. My management is also so inefficient it is maddening. But you can console yourself with the thought that at least you're paid. It isn't under your control what the higher-ups do so don't sweat it.

Be the best in your group as much as possible. If worse comes to worse, at least they will keep you if there are layoffs down the road, or your resume will look better to someone else sometime down the road. You did the work they paid for so if they want to trash it... can't cure stupid.

Unfortunately for me, I work for myself. My management is my own addled brain! I was up all last night working. Two hours sleep today.

I don't believe my group will ever release a product. (sigh) :-)