Massimo Calabresi and Michael Weisskopf of Time magazine have the full rundown, but the basic thesis is that Dick Cheney started saying bad things about Barack Obama when it started to become obvious that Cheney might be in legal jeopardy if Obama did not go all out to stop all investigations and public disclosures on law breaking by Bush and His Evil Minions™.
At Firedog Lake, Marcy Wheeler hits the nail on the head when she says, “I guess Dick Cheney is right–Obama can’t stand up to terrorists. Terrorists like Dick Cheney.”
(emphasis mine)