Soul creation

[Godscreated]

Can a theist member shed some light on the soul creation for me? As people get born on Earth at a rate of about 4 per second, this means new souls get conjured out of thin air (or stardust, or holy farts) by the big guy and get put into bodies. Some of them end up rich, some dirt poor and starve to death in Africa, some end up blowing themselves up somewhere in Afghanistan in the name of the wrong god. Or others become victims of too loving catholic priests. My question is how does your god chooses what happens to a new soul and why. There a a great number of wasted souls, like all the kids that die for various reasons before they can make a choice for themselves - good or bad. Where's the common sense that a supposedly superior creature that spends that much time on its creation should show?

You are correct in saying the soul was created, god only created three times in the six days and the soul was created on the sixth day. The scriptures never state that God did or had to recreate anything, so I do not see God creating a soul each time a persons conceived, only within the human race is a soul part of conception.
You ask what happens to souls, the only wasted souls belong to those who reject Christ, these will be in hell for eternity (please let's not start on eternity here), those children who die before they come to understand sin will be in heaven, God has made provision for them. God's plan is perfect.

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So, how are souls made and why are they different? Are there "smart" souls and "dumb" souls? Why "dumb" souls are put into bodies, knowing fully well that they are going to create issues on Earth for "smart" (good) souls? Why not simply recycle the bad ones (send them straight to hell)?

There are no smart souls or dumb souls, our soul is the way we understand God once we believe. God is spirit, our soul is spirit, this enables use to understand God. There are smart and dumb choices to be made with God.