Originally Posted by limpmuck
i don't know very many spots where good players wouldn't elect to just release their hand than to take the initiative...
You're basically killing your own implied odds for the sake of a saying given to beginners to keep them from playing too loose, "raise or fold". This is due to the fact that beginners want to play hands and tend not to recognize correct spots to limp/overlimp. What hands? Well, ones that you'd like to make money with later. Speculative hands don't want to pay a big price. In a loose/passive showdown bound game, initiative is easily overrated. Also, you already have the button, making our position the CO you at least have the added benefit of driving the actual button out of the hand and getting last action. Since we already have the button, we don't have to worry about paying more for it.
Armor said the blinds are loose, so let's assume there will be 4 opponents in the pot with our without a raise from us. Does 44 want to build a pot if this crew pairs up and shows down? How about A3s? 75s? There are plenty of hands in this spot where an expert shrugs, throws in 3 or 4 chips, and sees a flop.
Learn to be comfortable without initiative. I'd fix your post by replacing "good players" with "bad TAGs". Sometimes you have enough equity to call and you don't have enough to really want to raise. There should be a middle in having a hand too good to fold. Bad players are in the pot. You have the freaking button. You're looking for an excuse to see a flop because you're good at poker and this is a good situation.