Could be both

From today's WaPo:

"You don't get any feeling of somebody crouching down in the bunker," said Irwin M. Stelzer, a senior fellow at the Hudson Institute who was part of one group of scholars who met with Bush. "This is either extraordinary self-confidence or out of touch with reality. I can't tell you which."

Bush has self confidence in spades, but it doesn't come from a belief in his own competence. Dear Leader is a True Believer whose religiosity has created its own reality, far afield from the world he was elected to deal with.