Dealing with a guy re-raising me light pre flop

[scdavis0]

Villain was certainly a thinking LAG, but maybe a little too loose/fancy for his own good. Stats on him were 50/16 over 350 hands. He was constantly re-raising my opening raises (my stats are 29/18). Unless he was on a huge rush he was almost certainly re-raising me light. Although he did elect to show me KK once.

When I called the re-raise pre-flop I decided I was certainly playing it for more than set value. Please note that the flop raise is not much more than pot sized.

Who likes?

Party Poker No-Limit Hold'em, $ BB (6 max, 6 handed) FTR converter on zerodivide.cx

CO ($156.60)
Hero ($456.22)
SB ($224.20)
BB ($184.15)
UTG ($451.35)
MP ($51.62)

Preflop: Hero is Button with 5[img]/images/graemlins/club.gif[/img], 5[img]/images/graemlins/spade.gif[/img]. SB posts a blind of $1.
<font color="#666666">3 folds</font>, <font color="#CC3333">Hero raises to $7</font>, <font color="#CC3333">SB (poster) raises to $29</font>, <font color="#666666">1 fold</font>, Hero calls $23.

Flop: ($62) 4[img]/images/graemlins/heart.gif[/img], 2[img]/images/graemlins/club.gif[/img], 8[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">SB bets $45</font>, Hero goes all-in $426.22