The problem they are ridiculing is mainly that an observed time series that is going up and down with no clear trend is "modeled" with a polynomial that necessarily goes down, and that the tweet claims there is some value in the fitted polynomial.
Secondarily, the fact that the polynomial is described as cubic, when it appears to be quadratic.
Added together it makes it extremely explicitly clear that at the highest levels of American government, even in situations with the involvement of elite academic advisors, the actual technical content is utterly incompetent; childish; totally illiterate from a statistical point of view; bad even at high school.