As KS pointed out more eloquently earlier, does trying hard and failing make you a poorly run team?
What about Oakland, Miami, Pittsburgh, Kansas City, for the most part they don’t even try?
Do the Angels run a huge payroll, yes.
Are they aggressive trading prospects to win now? Yes.
Do they ever tank, or sell off all their pieces, No.
Do they regularly sign marquee free agents? Yes
Was it dumb to sign Pujols for 10/250? Yes, then again they landed the Mack Daddy of the 2011 free agent class.
Rendon’s contract looks awful in hindsight but he was coming off a 6.7 WAR season at 29, and was Mack Daddy of hitter in the 2019 free agent class.
Failing to win more with Trout and Ohtani is unfortunate but baseball is a hard sport to win at (The Angels have as many WS titles as the Dodgers this century).
Criticize them for the Skaggs thing, but I wouldn’t lump the Angels in with the dregs of the league simply for trying to win and failing.