Because it crushed the stock market. That was Trumps claim to fame along with black unemployment. If it starts the coming recession, Trump’s done. If he survives this and the economy is booming enough voters won’t care it is on borrowed money and Trump will be hard, if not impossible, to beat. Trump is a brilliant marketer and I am sure serious thought went into appointing Pence as the head of the task force to fight it. He has no qualifications, but evangelical support. He is going to have some crazy spin if choronavirus destroys “his” economy. Will be fun to watch. Actual claims of it being a hoax to date are probably that it has only killed a few Americans as of today.