Unsure spot OOP in raised pot

[jessyj07]

Surely I can't just give up on the flop? How is this for a plan of bet/folding the flop and betting flop and c/f the turn?

PokerStars No-Limit Hold'em, $0.25 BB (8 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

UTG+1 ($9.75)
MP1 ($7.05)
MP2 ($32)
CO ($4.30)
Button ($24.40)
Hero ($24.60)
BB ($31.15)
UTG ($16.65)

Preflop: Hero is SB with 8[img]/images/graemlins/club.gif[/img], 8[img]/images/graemlins/heart.gif[/img].
<font color="#666666">2 folds</font>, MP1 calls $0.25, <font color="#CC3333">MP2 raises to $0.5</font>, <font color="#666666">1 fold</font>, Button calls $0.50, Hero calls $0.40, <font color="#666666">1 fold</font>, MP1 calls $0.25.

Flop: ($2.25) 9[img]/images/graemlins/diamond.gif[/img], 6[img]/images/graemlins/spade.gif[/img], 9[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(4 players)</font>
<font color="#CC3333">Hero bets $1.50</font>