Is the Iron Dome bogus? Can it only stop slow-flying pipe rockets with a million-dollar missile against a $1000 rocket?

https://www.timesofisrael.com/liveblog-october-6-2024/


Quote:

Army says air defenses failed to stop rockets on Haifa By Emanuel Fabian The IDF says it is investigating, after it failed to intercept a barrage of five rockets launched from Lebanon at Haifa this evening. “Interception attempts were made,” the IDF says, adding that several rocket impacts were identified in the area. “The incident is being investigated,” it says. Footage from Haifa showed that a traffic circle in the northern coastal city was damaged by a direct rocket impact.