Install python 2.7 using brew. Brew also downloaded and installed distribute
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$ brew install python ==> Installing python dependency: sqlite ==> Downloading
http://www.sqlite.org/sqlite-autoconf-3070900.tar.gz
http://ftpmirror.gnu.org/gdbm/gdbm-1.10.tar.gz
http://www.python.org/ftp/python/2.7.2/Python-2.7.2.tar.bz2
http://pypi.python.org/packages/source/d/distribute/distribute-0.6.24.tar.gz