If you are looking for ways to access C++ code in Python, there are several (Boost, SIP, CXX, SWIG, Weave etc). Unless your needs are somehow unique, this is the preferred approach.
People usually convert higher level languages to lower level languages for performance (For example Python to C++ via ShedSkin or Eiffel to C etc), not the other way around since the principle benefit of HLLs is readable code and code generators don't usually generate human readable code because they can't see the intended theme of your code. -- http://mail.python.org/mailman/listinfo/python-list