I'm not sure that there's anything there.
I copied it to Paint and blew it up to 800%.
There's nothing that can be made out. It could just be the picture refreshing on the screen at the moment that it was captured. Some fuzziness while it was paused.
Or perhaps it was something more diabolical.
Or perhaps it was something more diabolical. It actually looks like someone tried to quickly black out the second part of the sentence.
Place a large "X" over Cheny face and quickly attempt to wipe out the second line and what do you get?
CHENEY: I DO NOT BELIEVE.
This was no mistake.