Download Python : Below the following commands to download and extract Python 2.7 to your hosting account.
# mkdir ~/python
# cd ~/python
# wget http://www.python.org/ftp/python/2.7.2/Python-2.7.2.tgz
# tar zxfv Python-2.7.2.tgz
# find ~/python -type d | xargs chmod 0755
# cd Python-2.7.2