Hangman game in Python
This is Python and you do not need the Semi-Colons (;)

Your code looks absolutely non-pythonic like that, it looks like it is trying to morph into Java or something.

You should also separate some more code into methods/functions like this one here

print "=" * 78;


I believe that this is to separate the game from the ending notifications. 

What gave this away was 78 I have no clue what that is, and if I have different settings on my console/IDE then this won't look right anyway.  78 is a magic number and should be dealt with so that I know what it means