Do you think the early Disney movies are inappropriate for kids? Really?

I was watching Peter Pan with my toddler son and noticed a lot of swords/violence and drinking and racial stereotypes. I don't think that I suffered any ill effects from watching these movies but I felt a twinge of guilt letting my 2-year old watch them. I LOVE the clics, but do you think I'm being irresponsible for endorsing movies that lack political correctness? Is the media to blame for the guilt we feel or is there truly reason to object?