This was a photo feature in the Smithtown (NY) Messenger. Six presidents are featured with their wives. Five are accompanied by photographs taken after they left office. The sixth pair includes the Obamas with a photo from “Sanford and Son.”
The publisher claims that it is “satire.” He’s also issued an “apology” (must be non-apology apology day):
“The publisher of the Smithtown Messenger regret [sic!] any offense taken by our readers at the photographic political satire depicting the current and past presidents on the editorial page in the April 29th, 2010 issue. While we have grave disagreement with the policies of the current Administration, we hold the office of President of the United States in great respect.”
Source for the non-apology apology here.