I don't know guys, the boss sounds like an idiot to me. Steve, if I was hired as an electrician and told to walk back and forth all day with a ladder, I'd ask questions. One of the reasons I work for myself is that I don't trust someone else to give me an evoirnment for my potential to be challenged and for it to grow. I never worked for anyone who could utilize me fully, and therefore I was never paid what I was worth. That would be my concern with working for someone I didn't respect or didn't want to model. You can't become your best under someone who is less than what you want to be. You can make the best of the situation, sure, but under a better boss and/or company, you could become even better.
I don't agree you should be happy to even be working. Thankful to have job, maybe, but if you dislike who you are working for and can't find a better situation, it sounds like you should be more miserable, with a hint of desparation, than happy.