So, now that the Muslim Brotherhood candidate is winning the presidential election, the military has taken what amounts to complete power:

Egypt’s generals awarded themselves sweeping political powers in an 11th-hour constitutional declaration that tied the hands of the country’s incoming president and cemented military authority over the post-Mubarak era.

The announcement on Sunday night came as early presidential election results put the Muslim Brotherhood’s Mohamed Morsi ahead of his rival Ahmed Shafik, Mubarak’s final prime minister and an unabashed champion of the old regime. But with thousands of polling stations yet to declare following the two-day runoff vote, the overall winner was too close to call.

Pro-change activists and human rights campaigners said the junta’s constitutional declaration – which came just days after judges extended the army’s ability to arrest civilians and following the dissolution of the Brotherhood-dominated parliament by the country’s top court – rendered the scheduled handover of power to a democratically elected executive meaningless.

The Brotherhood was quick to label the declaration “null and unconstitutional”, raising the prospect of a dramatic showdown within the highest institutions of the state.

They gave themselves the power to write legislation and draft budgets, which is pretty much the whole ball of wax, since they have shown that they already own the courts.