my result for 

dpkg -l | grep python-setuptools
ii  python-setuptools                          0.6c5-1ubuntu1                         Python Distutils Enhancements


and now debug in steps as we are talkin about:


jokosher -d

Filling LADSPA Registry
         174 LADSPA effects loaded
        Reading in presets...
        ...done.
Loading extensions:
        importing extension GNOMEAudioProfiles.py
        importing extension jokosher-dbus.py
        importing extension SetTempo-0.1-py2.4.egg
        importing extension Minimal-0.9-py2.4.egg
        importing extension FreesoundSearch-0.2-py2.4.egg
        importing extension InstrumentTypeManager-0.2-py2.4.egg
        importing extension APIConsole-0.1-py2.4.egg
                ...failed.
No module named Globals
Attempting to open: /media/sdb6/Track2/Track2.jokosher
Using autoaudiosink for audio output
added project playback bin to the pipeline
added adder0 to project playbackbin
added levelcaps to project playbackbin
added MasterLevel to project playbackbin
added autoaudiosink0 to project playbackbin
Loading project file version 0.9
LOG COMMAND:  ('P', 'DeleteInstrument', [0]) from 143921292
LOG COMMAND:  ('I0', 'DeleteEvent', [1]) from 143921324
LOG COMMAND:  ('E1', 'Move', [0, 2.5789473684200002]) from 143921356
added instrument playbackbin to adder playbackbin 0
linked instrument playbackbin to adder (project)
create file source
create file source
setting event properties:
         media-start = 0
         media-duration = 238944208333
         priority = 2
         start = 0
         location = /media/sdb6/Finest.HipHop.Beats.&.Instrumentals.by.eBoLa.Vol..03.rar_FILES/Finest HipHop Beats & Instrumentals by eBoLa Vol. 03/13 - Kool Savas - Haus Und Boot [Instrumental].mp3
         duration = 238944208333
added instrument playbackbin to adder playbackbin 2
linked instrument playbackbin to adder (project)
LOG COMMAND:  ('P', 'DeleteInstrument', [2]) from 143924780
LOG COMMAND:  ('I0', 'ToggleArmed', []) from 143925132
LOG COMMAND:  ('I2', 'ToggleArmed', []) from 143923340
can record
pre-record state: GST_STATE_NULL
unlinked instrument playbackbin from adder
removed instrument playbackbin from project playbackbin
create file source
Using pipeline: alsasrc device=hw:0 ! audio/x-raw-int,rate=44100 ! audioconvert ! level name=recordlevel interval=10000000 ! audioconvert ! lame ! filesink location=/media/sdb6/Track2/audio/SpracheGesang_2_1181230201.ogg
Recording in single-input mode
Using input track: 0
adding recordingbin
play() in Project.py
current state: GST_STATE_NULL
Preparing the controller
FADE POINT: time(0.00) vol(0.99)
FADE POINT: time(238.94) vol(0.99)
Set extra zero fade point
Preparing the controller
FADE POINT: time(0.00) vol(0.99)
FADE POINT: time(0.00) vol(0.99)
Set extra zero fade point
just set state to PAUSED
STATE CHANGED
-- status: GST_STATE_CHANGE_NO_PREROLL
-- pending: GST_STATE_VOID_PENDING
-- new: GST_STATE_PAUSED
NEW PAD on instrument Audiodatei
Stop pressed, about to set state to READY
current state: GST_STATE_PLAYING
LOG COMMAND:  ('I2', 'DeleteEvent', [3]) from 143922092
Terminating recording.
pad removed on instrument Audiodatei
State just set to READY
Removing recordingEvents bin
set state to NULL
added instrument playbackbin to adder playbackbin 2
linked instrument playbackbin to adder (project)
setting event properties:
         media-start = 0
         media-duration = 8588562500
         priority = 2
         start = 0
         location = /media/sdb6/Track2/audio/SpracheGesang_2_1181230201.ogg
         duration = 8588562500
play() in Project.py
current state: GST_STATE_READY
Preparing the controller
FADE POINT: time(0.00) vol(0.99)
FADE POINT: time(238.94) vol(0.99)
Set extra zero fade point
Preparing the controller
FADE POINT: time(0.00) vol(0.99)
FADE POINT: time(8.59) vol(0.99)
Set extra zero fade point
just set state to PAUSED
STATE CHANGED
-- status: GST_STATE_CHANGE_ASYNC
-- pending: GST_STATE_PAUSED
-- new: GST_STATE_READY