No good. If a particular JDAM with a homing beacon goes off target you can end up with a very expensive crater next to an unscathed target....
To deliver the ATGMs or rounds, you can use fixed wing planes (Mavericks e.g., a few at a time), or helos (Apaches, 16 at a time), or Bradley fighting vehicles (a few TOW missiles each, but vunerable to tank round replies), or M-1s (many at a time). The 101 Air Assault (alone) has around 70 Apaches for exactly this task. 70 times 16 is over 1000 ATGMs. Per sortie. That is enough to blow away several divisions in an afternoon even with many misses.
The firepower of the army, using its specialized weapons on the particular targets they are meant for, is enourmous. Higher even than that of the air force, it kills easily achieved per unit time. The air force has longer reach and is somewhat harder to hit back, so it is great for "going deep". But if you want to annihilate an enemy army you use the army - that's what the bleeding thing is for.