This is just wrong
If I perceived the slightest sign of quality in this thing, I wouldn't be quite as upset. But I don't. The "stainless" steel doesn't appear to be remotely so. The blade isn't just corroding (which most stainless steels will do to a greater or lesser extent); it's rusting.
A Boy Scout knife used to be a prized possession, something for which one saved or wished for at Christmas, and then probably used well into adulthood or passed on to a son (or daughter). They were made by legendary companies such as Case, Camillus, and Kershaw.
Think this will be an heirloom someday?