It's a campaign for a fashion label, guys, I don't think there is any deeper meaning/message to it other than deconstructing reality to catch attention.
Some presidential "archetypes" are actually captured very well, the Roosevelts, Reagan, the Bushes + Lyndon B Johnson among them. Clinton curiously not at all and repeat-indicted self-tanners are of course easy to do because they pattern themselves after animation heroes in real life too. Make Animation Great Again.
And I don't think that the aim of Balenciaga is to attempt realism, they want to retain the artificial air of an animated blue screen CGI graphic novel movie. That is what makes it so creepy.
But think where this technology will be in a few years from now.