re.escape
doesn't double escape. It just looks like it does if you run in the repl. The second layer of escaping is caused by outputting to the screen.
When using the repl, try using print
to see what is really in the string.
$ python
>>> import re
>>> re.escape("\^stack\.\*/overflo\\w\$arr=1")
'\\\\\\^stack\\\\\\.\\\\\\*\\/overflo\\\\w\\\\\\$arr\\=1'
>>> print re.escape("\^stack\.\*/overflo\\w\$arr=1")
\\\^stack\\\.\\\*\/overflo\\w\\\$arr\=1
>>>