Australia's priorities for economic growth are similar to those of the United States, but Australia's advantage is it is standing on a platform of strength, the Prime Minister says.
Reflecting on President Barack Obama's fifth State of the Union address on Wednesday, Julia Gillard told federal parliament Australia had experienced low inflation and continued growth, making it better placed to recover from the GFC.
"Unlike the United States we did not have a recession in this country, unlike the United States we were able to act in a timely way to support and protect jobs and we supported and protected 200,000 of them," she said.
There were 12 million unemployed in the United States: as many people as there were in Australia's entire labour market, she said.
"(Obama) therefore has a challenge that is different to ours."
But Ms Gillard said there were many similarities in the approach Labor was taking to governance following the crisis.
"Including governing for the many, not the few, including making sure the doors of opportunity are open to every child," she said.
"His focus is on jobs growth ... our focus here domestically, standing on a platform of strength, is for jobs and growth and opportunity for Australians for the future."
"You cannot say that you are engaged in the public policy debates that matter in our world today unless you fully understand the causes and consequences of the global financial crisis," she said.
In his annual state of the union address earlier, President Obama said America's key task was working to stabilise its budget.
"A growing economy that creates good, middle-class jobs - that must be the North Star that guides our efforts," Obama said.
"It is our generation's task, then, to reignite the true engine of America's economic growth - a rising, thriving middle class."