If it were me, I'd just import to your Pictures folder (using Image Capture) or use iPhoto to import. Then use Elements for retouching/editing. You can't really import images into Elements like you can with iPhoto. PSE is an image editing program not a cataloging app. You can use PSE's Browser once you have your images imported onto your Mac. Just open the Browser from the File menu and navigate to your Pictures folder (if that's where you imported to). Once you click on the folder containing your images the Browser will display thumbnails of your photos.
This is how I deal with my photos:
1. Import my photo's into my Pictures folder with OS X's Image Capture. These are my originals and never get touched (I edit/retouch copy's only).
2. I then import into iPhoto. I use iPhoto for Red Eye removal and organizing/cataloging my many thousands of images.
2. I have iPhoto set to automatically open any image I double click in PS Elements for editing. This is done in iPhoto's Preferences.
I didn't really answer your question Mike as it's the middle of the night (02:45), I'm at work (on a XP PC-ugh), and I don't remember exactly how to access your camera directly from PSE. Sorry.