Originally Posted by cs1
Your ft der looks a mess also. It is really oxidized, look at the clamp. Time for a new bike.
Why? if the guy doesn't want a new bike and this one is still serviceable, I say cover the rusty bits with nail polish or clear varnish (5 buck spray can, lasts forever) and check every 6 months for additional rust to cover. Cheap and effective, if not very pretty.