electec123, says "pretty sure pay is measured in $$$".
I greatly disagree, $$$ is part of what we work for, but only part, we work for respect. without $$$ there is no respect, but I am willing to bet you have painted far more rooms for your families respect than for $$$.
Respect is measured in the eyes of the beholder.

Batman, I heard a good saying " no one can tell who has lost their swimming trunks until the tide goes out, but once the tide goes out, you can easily see who has lost their pants", and a recession like this is the $$$ tide going out.

JustinM, what you are describing is not "loosing money" it is spending it unwisely in your opinion, but you may not know all the facts. Capital spending (buying a new unit) and operational spending (maintaining the units you have) often come from 2 different "pots of money" and are accounted for differently, and have different motivations (maybe they are waiting for a tax break to be able to depreciate the cost of a new unit, but can spend money to fix what they have for what seems to be the same money).
Money spent badly is not exactly the same as money lost. Someone else still got the money, and it is still in circulation.