How to use "INSERT....SELECT" in python?

#!/usr/bin/python

import MySQLdb

# Open database connection
db = MySQLdb.connect("localhost","testuser","test123","TESTDB" )

# prepare a cursor object using cursor() method
cursor = db.cursor()

# Prepare SQL query to INSERT a record into the database.
sql = """INSERT INTO EMPLOYEE(FIRST_NAME,
         LAST_NAME, AGE, SEX, INCOME)
         VALUES ('Mac', 'Mohan', 20, 'M', 2000)"""
try:
   # Execute the SQL command
   cursor.execute(sql)
   # Commit your changes in the database
   db.commit()
except:
   # Rollback in case there is any error
   db.rollback()

# disconnect from server
db.close()

#!/usr/bin/python

import MySQLdb

# Open database connection
db = MySQLdb.connect("localhost","testuser","test123","TESTDB" )

# prepare a cursor object using cursor() method
cursor = db.cursor()

# Prepare SQL query to INSERT a record into the database.
sql = "SELECT * FROM EMPLOYEE \
       WHERE INCOME > '%d'" % (1000)
try:
   # Execute the SQL command
   cursor.execute(sql)
   # Fetch all the rows in a list of lists.
   results = cursor.fetchall()
   for row in results:
      fname = row[0]
      lname = row[1]
      age = row[2]
      sex = row[3]
      income = row[4]
      # Now print fetched result
      print "fname=%s,lname=%s,age=%d,sex=%s,income=%d" % \
             (fname, lname, age, sex, income )
except:
   print "Error: unable to fecth data"

# disconnect from server
db.close()