"I think the developments we've seen over the last several months are enormously encouraging," Cheney told the audience of conservatives, pointing to Republican victories in recent elections in Virginia, New Jersey and Massachusetts.
"I think 2010 is going to be a phenomenal year, and I think Barack Obama is a one-term president," he added, to huge cheers.
The audience, who had come to the conference to network and see both established and up-and-coming stars of the Republican Party, went wild when the former vice president came on stage. One young man started screaming, "Oh my f*%#@ing God!" A few people tried to start a chant of "run, Dick, run!," though it did not catch on.
"A welcome like that is almost enough to make me want to run for office," Cheney said. But before anyone could get any ideas, he assured the crowd he would not be running.
"There comes a time when those of us in our generation need to move on," he said. "I want to encourage that younger generation...it's a remarkable time to be an American, a remarkable time to be a conservative."
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