In his first address to the nation after the approval of the Egyptian constitution, which was drafted by Islamists and gives the president extra powers, Islamist President Mohamed Morsi hailed the country's new governing document as a new dawn for Egypt, congratulating the Egyptian people on the adoption of a new constitution.
Morsi said that he cedes the top legislative authority to the Shura Council, the upper chamber of the Egyptian parliament.
"With the adoption of the country’s new fundamental law, the legislative authority from now on is held by representatives of the Egyptian people - the Shura Council,” said Morsi.
Morsi called all political powers in Egypt, including leftist, liberal, secularist and Christian opponents, to take part in a national dialogue to resolve lingering tensions that occured when he gave himself extensive new powers last month, which effectively put him above the law.
Morsi also promised to take necessary steps, to improve the financial crisis in Egypt.
"The coming days will witness, God willing, the launch of new projects and a package of incentives for investors to support the Egyptian market and the economy, which faces different challenges, but has also big opportunities for growth, and I will make all the changes necessary for this task," he said.
Late on Tuesday, the Egyptian leader signed the constitution into law as two-thirds of Egyptians, who took part in the referendum on the country’s new constitution, expressed their support in a referendum that was held in two rounds.
Morsi said the country’s new constitution will help end political turmoil and allow him to focus on fixing the fragile economy.
However, the election commission overseeing the two rounds of voting on the national referendum said the constitution had passed with 63.8 percent support, with a turnout of just under 33 percent of Egypt's nearly 52 million voters.
Following Morsi's speech, the National Salvation Front opposition coalition said in a statement it would continue its peaceful struggle against the constitution through all democratic means, including litigation, demonstrations, strikes and lawsuits.
Mohamed ElBaradei tweeted that the constitution was "void" because it conflicts with international law in regard to freedom of belief, expression and more in it's mix politics and religion.
As expected, the plan of the Muslim Brotherhood will be implemented, and their plan of the new constitution will also succeed, despite Egyptians taking to the streets to protest in numbers not seen since the ousting of ex-president Hosni Mubarak.
Morsi, under the new constitution, enjoys powers that even all former heads of Egypt never dreamed of. Therefore the Egyptian people are asking him why he needs these powers. Will it be to help the Egyptian people or for the benefit of the Muslim Brotherhood?
Will the Muslim Brotherhood succeed in solving the most important problem facing Egypt in the current situation, which is the economic problem? Would the Muslim Brotherhood be able to maintain good relations between Egypt and Arab and Western countries?
As for the relationship of Egypt with the Arab countries, it is not expected to be in good standing with the Persian Gulf countries, which are oil-rich, at the same level it was during the rule of Mubarak, due to fear that the Muslim Brotherhood might export their revolution to those countries. Therefore, I expect Egypt to have special relations with Libya, Tunisia, and Syria -- but only after the fall of the Assad regime (countries of the Arab Spring).
The president, in his victorious speech, was expected to focus on the economic situation and give many promises to the Egyptian people as usual. But the people now know they are just promises which Morsi will never fulfill. Unfortunately, the Egyptian people do not have any choice except to be patient and wait. They must also be always ready to go out into the street to protest, because they will discover after a while that their revolution has failed and that the Morsi's regime does not differ from Mubarak's.
I do not know on what basis Morsi gave his promises about the economy, but everyone knows it's a big challenge, in particular because poverty and unemployment rates are rising while at the same time the prohibitively high prices that emerged after the revolution are all factors which confirm that Morsi needs a miracle to succeed.