Thanks guys, I figured that may be the case.
I also kind of thought that maybe a control arm would be the best bet. Not sure how the price would compare. The bushing is not real expensive. I guess the best thing is to take the control arm off, try to replace the bushing, and if I can't, then just replace the arm.
There are NO drivability issues with the tach / trac loc light issue. It is just intermittent.
Also I know the weather must have played a part in the traffic here. That along with it being in a wrong section I guess.
Thanks for the help so far, When I can get to it I'll try to get it fixed.