2001 Oldsmobile Silhouette: "Traction action" console light always stays on?

Sounds like the traction control system may be indicating a malfunction. No way of knowing the cause until testing is performed. Diagnostic testing should start with a diagnostic tool used to check chassis related codes -- that start with a "C" instead of just powertrain codes which start with a "P". Testing will help indicate the right direction to start looking.