no, if you had any insight whatsoever you'd recognize it's showing the late model chevy v8's closed loop failage.
i hate to be the barer of bad news, but something is broken, you're towing something massive (8000-10,000lbs or more) or you've got an unrealistic expectation of towing.
from IDLE your engine has just over 75bhp on tap (that's well over 300ft-lbs of torque at 1000rpm). that's enough to move more the full-size pickup is rated to tow. the only trucks that have more than are the ford V-10, or diesel. so something, somewhere is 100% wrong. get the truck checked out.