Are you going to sit there and tell me no one's going to emerge from this offseason with a good pitcher who costs less than $8M?
No, but we're not going to be able to identify that pitcher right now. I don't care if Clement signs for $7 million a year or Perez or whoever you want to pick out (although the chances of those things happening appear to be slim to none).
Sure, there will be a guy (maybe even Ramon Ortiz!) who emerges as the steal of the offseason. What you're complaining about is the Reds haven't made the moves you want. Never mind if those moves may be impossible in the real world.
Who knows what Ortiz will do? I have a hard time criticizing the move, or the two signings today. These seem like improvements without much sacrifice. You think the money could be better spent. Maybe. But if Ortiz wins 15 games with an ERA under 4.0, I'd say you're wrong. Heck, in this market, if he wins 10 games with an ERA under 4.50, he's probably considered a decent investment.
I'm not sold on this front office either, but I don't think these moves warrant a fit. These are reasonable, defensible baseball moves with decent upside and relatively little downside.