Yeah, we believe in spanking although we probably do not go to it enough.
We asked our pastor about it 3-4 years ago to get a feel for his thoughts on it. He was a supporter of spanking, but of course in a loving fashion. Typically we talk to them first, let them know why they are getting spanked and then afterward we hug until they are done crying (usually not very long). My wife and I hate spanking, it sucks, but feel it is necessary (in this house hold) and it is effective.