I have been waiting on a rant like this.
I work for a company that provides equipment to the Nuclear Power Industry, both civilian and military. My company lives and dies by .0001" measurements and torque values. The technicians that use those torque wrenches under go hours of training and testing. We don't have a torque wrench that cost less than $500, and they are calibrated every 3 months or anytime we suspect them to be in accurate. Adjustable "snap" wrenches are not allowed, only balance beam, dial, and internally fixed snap (and then only in special case with special training.)
I work on my own bike, and I don't use a torque wrench. It just isn't necessary if you know what you are doing. Using a cheap uncalibrated torque wrench blindly is far more risky.
And to the OP - A Craftsman torque wrench can not even be calibrated in our system, because it does not have guaranteed repeatability.