Trump replaced intelligence chief Tulsi Gabbard with a real estate developer who has zero national security experience — bad news for anyone worried about US intelligence quality.

• Bill Pulte, a housing-finance official and real estate heir, is now acting Director of National Intelligence, overseeing 18 spy agencies.
• He has no intelligence background and got into Trump's orbit by buying a Mar-a-Lago membership and donating to the campaign.
• He's behind the unpopular 50-year mortgage idea and pushed failed fraud cases against Trump's political enemies like Letitia James and Adam Schiff.
• Gabbard was sidelined partly after telling Congress Iran was not building a nuclear weapon — a fact that cut against Trump's plans.

Outlook: An inexperienced loyalist running national intelligence raises the risk that real threats get missed or politicized.