A polynomial is a linear algebraic expression of a certain variable, say of 'x' , e.g.,
f(x) = a x^n + b x^(n-1) + c x^(n-2) +........................+ k x^2 + l x + m
where a, b, c, .......l, m, n are constants positive or negative or may be some of them zero, is called a polynomial of degree 'n; (a finite number) in 'x' provided 'a' is not equal to zero. In general, linear, quadratic, cubic, quartic, .... expressions are all Polynomials with specific names depending on the degree of the polynomial. Even a constant may be called a Polynomial of degree '0'.
But a rational expression is the quotient of two Polynomials f(x) and g(x) related by
[f(x) / g(x)]. For example,
( x^3 + 3)
[f(x) / g(x)]. = [ ---------------- ]
(x^2 + 1 )
when g(x) becomes a constant what remains is a polynomial. For example,
(a x^2 + b x + c)/73 is a rational expression turned into a polynomial of degree '2'. So, every polynomial can be treated as a rational fraction when g(x) = 1, or a constant.
But
73/ (a x^2 + b x + c) is strictly a Rational fraction which may be expressed in an infinite series but not as a Polynomial as defined earlier
.
Thus comes your quote :"Every polynomial is regarded as a rational expressions,but every rational expression need not be a polynomial"