There are programs that do exactly this...generate logos from templates and lists of fonts. Here's one for example:
And some of the "logos" you can make using it:
Are these good logos? Impossible to say without knowing a lot more about the customer and their needs. I think most professional designers would argue that these are very formulaic, not terribly interesting, and generally boring. But sometimes that's all a client needs.
Tools like this certainly speed up the number of objects you can spit out, but I wouldn't say they improve the logo creation process. In fact, I'd say they get in the way of that. Creating a logo is about solving a problem via a very targeted solution. These software tools instead just throw random solutions at the wall hoping one sticks.