Probably A Total N00b Question BUT We're Having Trouble Restoring A Database After a Clean Install

We've been using Airtime for a while and have become fairly familiar with installing and restoring from the command line

We are now running into problems on restoring the database and getting a Permission denied message

The only difference is we are installing Airtime on a FRESH install of Pinguy (Ubuntu 12.04 64 bit)

Here are the steps

We backed up the database
sudo -u postgres pg_dumpall | gzip -c > airtime-backup.2.1.3.full.gz

Grabbed and un-tarr'd the proggie

gunzip airtime-backup.2.1.3.full.gz

Ran the install

sudo ~/airtime-2.1.3/install_full/ubuntu/airtime-full-install -r

The install checks out OK

*** Verifying your system environment, running airtime-check-system ***
AIRTIME_STATUS_URL             = http://localhost:80/api/status/format/json/api_key/%%api_key%%
AIRTIME_SERVER_RESPONDING      = OK
KERNEL_VERSION                 = 3.2.0-25-generic
MACHINE_ARCHITECTURE           = x86_64
TOTAL_MEMORY_MBYTES            = 2051056
TOTAL_SWAP_MBYTES              = 3119600
AIRTIME_VERSION                = 2.1.3
OS                             = Ubuntu 12.04 LTS x86_64
CPU                            = Intel(R) Atom(TM) CPU D510   @ 1.66GHz
WEB_SERVER                     = Apache/2.2.22 (Ubuntu)
PLAYOUT_ENGINE_PROCESS_ID      = 5468
PLAYOUT_ENGINE_RUNNING_SECONDS = 13
PLAYOUT_ENGINE_MEM_PERC        = 0.7%
PLAYOUT_ENGINE_CPU_PERC        = 0.0%
LIQUIDSOAP_PROCESS_ID          = 5471
LIQUIDSOAP_RUNNING_SECONDS     = 13
LIQUIDSOAP_MEM_PERC            = 0.8%
LIQUIDSOAP_CPU_PERC            = 3.9%
MEDIA_MONITOR_PROCESS_ID       = 5412
MEDIA_MONITOR_RUNNING_SECONDS  = 13
MEDIA_MONITOR_MEM_PERC         = 0.6%
MEDIA_MONITOR_CPU_PERC         = 0.4%
RABBITMQ_PROCESS_ID            = 1915
RABBITMQ_RUNNING_SECONDS       = 899
RABBITMQ_MEM_PERC              = 1.3%
RABBITMQ_CPU_PERC              = 0.0%

-- Your installation of Airtime looks OK!

******************************* Install Complete *******************************

We clear the database as a precaution as we always have

sudo -u postgres dropdb airtime  ## just In case

The restore the database

sudo -u postgres psql -f airtime-backup.2.1.3.full postgres

This is where we get the error "permission denied"

Any suggestions?