You're incorrect. The phrase "the lesser of two evils" is as old as the hills and was coined to describe situations such as exist in Egypt today where there are only two choices at the moment.
"Pick your poison" is also a handy phrase you may want to add to your vocabulary.
Why throw Mubarak into the equation....he's in jail on life-support, reportedly in a coma.
Right now, as Flaglady correctly stated, the military is the lesser of two existing evils, not three.
Leni
There is still Gamal, who was actually being groomed to succeed his father; but nobody’s trying to help him, obviously.
No, the MB and the military—especially since they are being led by generals picked by Morsi, especially Sisi—are an equal evils to each other. Sisi is a radical with a vision of turning Egypt into a ecclesiocratic military dictatorship. And it seems that the masses in Tahrir Square chanting “To Jerusalem we go, martyrs in the millions” have been quickly forgotten; one only has to go to Youtube to be reminded of just how Islamic the majority of Egyptians are.