Yes
But it's amazing how easy that is to miss on first view.
BTiLC is a mess. But a fun one.
I'd be inclined to agree that big budgets don't suit some film-makers, and Carpenter was one. I suspect in many cases they don't really know what to do with the money, because it's not their thing. At the other end, despite their frequent mediocrity in key ways, James Cameron's films usually look amazing because he really knows how to burn through money on them. I wonder if inability to use a budget might be a component of a wider problem for Carpenter: I'm not sure he grew as a film-maker. What was there in 1995 was little more than what was there in 1975, except out of date and with much of the creativity used up.