While his instructions listed all the steps and missteps he took I've decided to just list what I did and how it worked.
- Downloaded Easy Install and ran it according to the instructions.
- Set my path to include PostgreSQL
export PATH=$PATH:/Library/PostgreSQL/9.1/bin/
- Set env to correctly mark the architecture
sudo env ARCHFLAGS="-arch i386 -arch x86_64"
- Used Easy Install to install the package
sudo easy_install psycopg2This was then tested by seeing if I could import the module and finally I tested it by seeing if Django would start
python manage.py runserver 8080This confirmed everything was working and I could now find the next area to be frustrated with.